Confidence interval for the mean additional amount

Assignment Help Basic Statistics
Reference no: EM132479322

Problem: In a random sample of 100 audited estate tax? returns, it was determined that the mean amount of additional tax owed was ?$3487 with a standard deviation of ?$2523. Construct and interpret a? 90% confidence interval for the mean additional amount of tax owed for estate tax returns.

Find and interpret a? 90% confidence interval for the mean additional amount of tax owed for estate tax returns.

Reference no: EM132479322

Questions Cloud

Create a service blueprint that depicts an overnight stay : Create a service blueprint that depicts an overnight stay in a nationally-recognized hotel chain, prepare a brief description of two procedures that prevent
Confidence interval for the population mean : Calculate a 96% confidence interval for the population mean.
Describe child-rearing styles - authoritarian and permissive : Briefly describe the two child-rearing styles, Authoritarian and Permissive. Finally, explain how culture may impact the type of attachment.
Prepare a tabular analysis of the transactions : Prepare a tabular analysis of the transactions for the year 2016 for Green Company, Stockholders invested SR 1,000,000 cash to start the company
Confidence interval for the mean additional amount : Find and interpret a? 90% confidence interval for the mean additional amount of tax owed for estate tax returns.
Confidence affect the sample size? required : A doctor wants to estimate the mean HDL cholesterol of all? 20- to? 29-year-old females. How many subjects are needed to estimate the mean HDL cholesterol
Explain health and physical conditions of young adulthood : Explain some health and physical conditions of young adulthood explain some genetic influences, behavioral, and other influences that directly and indirectly.
What is the statistic : He records the number of siblings for each of 75 randomly selected students in the school. What is the statistic?
Determine total contributed capital created by transactions : The company issued common shares to a lawyer who provided legal services worth, determine the total contributed capital created by these transactions.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Estimation of population mean and standard deviation

What are the mean and the standard deviations for the population of produced with this process?

  What is the proportion of men in population as a fraction

In a certain population of adults there are twice as many men as women. What is the proportion of men in the population.

  A machine fills cans of soda which are labeled 12 ounces

a machine fills cans of soda which are labeled 12 ounces according to a normal distribution with mean 12.1 ounces and

  Analyze the causes of the great war

Analyze the causes of the Great War. Explain how the war was fought in Europe. What steps led to the U.S. involvement in World War One?

  How large a sample is needed to estimate

How large a sample is needed to estimate µ with 95% confidence, so the margin of error is no greater than 0.5 g/dL?

  How many students would you need to sample to estimate the

in a large lecture class the professor announced that the scores on a recent exam were normally distributed with a

  The tycron company produces three electrical products

The Tycron Company produces three electrical products-clocks, radios, and toasters

  Describe the changes in the design of a survey

Explain whether the width of a 95% confidence interval would increase, decrease, or remain the same as a result of the following changes in the design.

  Medicine and clinical studies- state null hypotheses

A new surgical procedure has been developed to remove cataracts; it involves a smaller incision.- State the null and alternative hypotheses in terms of σ.

  Determining the ratio of girls to boys

According to an article in Newsweek, the natural ratio of girls to boys is 100:105. In China, the birth ratio is 100: 114 (46.7% girls).

  Single-acting- and a double-acting hydraulic cylinder

1. What is the difference between a single-acting- and a double-acting hydraulic cylinder?

  Population of values has a normal distribution

Consider a population of values has a normal distribution with µ=193.1 and s=89.5.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd